Question
Ayayai Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Quantity Cost per Unit Cost to Replace
Ayayai Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis.
Item No. | Quantity | Cost per Unit | Cost to Replace | Estimated Selling Price | Cost of Completion and Disposal | Normal Profit | ||||||||||||
1320 | 2,000 | $3.71 | $3.48 | $5.22 | $0.41 | $1.45 | ||||||||||||
1333 | 1,700 | 3.13 | 2.67 | 4.06 | 0.58 | 0.58 | ||||||||||||
1426 | 1,600 | 5.22 | 4.29 | 5.80 | 0.46 | 1.16 | ||||||||||||
1437 | 1,800 | 4.18 | 3.60 | 3.71 | 0.29 | 1.04 | ||||||||||||
1510 | 1,500 | 2.61 | 2.32 | 3.77 | 0.93 | 0.70 | ||||||||||||
1522 | 1,300 | 3.48 | 3.13 | 4.41 | 0.46 | 0.58 | ||||||||||||
1573 | 3,800 | 2.09 | 1.86 | 2.90 | 0.87 | 0.58 | ||||||||||||
1626 | 1,800 | 5.45 | 6.03 | 6.96 | 0.58 | 1.16 |
From the information above, determine the amount of Ayayai Company inventory.
The amount of Ayayai Companys inventory | $ |
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